5 Year Base Rate Tracker - Interest Only
Rate
5.24%
Max LTV
85%
Fees
£999
SVR
6.31%
APRC
6.0%
A Base Rate Tracker mortgage has an interest rate that is linked directly to the Bank of England Base Rate. When a change to the Bank of England Base Rate occurs, the interest rate and monthly repayments will change also.
Summary information
| Product code | EBRT361 |
|---|---|
| Product description | 5 Year Base Rate Tracker - Interest Only |
| Interest rates | 1.24% above the Bank of England Base Rate (currently 4.00%) until 31st March 2032 reverting to our Standard Variable Rate (currently 6.31%) from 1st April 2032. This is subject to a product floor of 1.50% until 31st March 2032. |
| Maturity date | 31 March 2032 |
| Maximum loan to value (LTV) | 85% |
| Loan amount | £30,000 - £3,000,000 |
| Daily interest calculation | Interest is calculated on the balance of your account at the end of each day. Interest is accrued daily and added to your account balance on the last day of every month. Every cleared payment that is made reduces the mortgage balance and interest is recalculated on the reduced balance. |
| Minimum term | 2 Years |
| Completion fee | £ 999 |
| Incentives |
10% overpayments per annum |
| Early repayment charge (ERC) | 0.5% of balance outstanding until 31st March 2032. |
Terms and conditions
Please make sure you've read the terms and conditions before applying